Tennessee River Gorge Trust Inc
- Assets
- $21.2m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Chattanooga, TN
- Founding
- 09/1986
- Data as of
- 12/2022
- EIN
- 62-1278612
Organization Overview
Tennessee River Gorge Trust Inc is located in Chattanooga, TN. The organization was established in 1986. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 12/2022, Tennessee River Gorge Trust Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee River Gorge Trust Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Tennessee River Gorge Trust Inc generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 6.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CONSERVATION AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE A HEALTHY TENNESSEE RIVER GORGE AS A COMMUNITY TREASURE FOR GENERATIONS.
EXPENSES ARE NECESSARY TO PRESERVE A HEALTHY TENNESSEE RIVER GORGE AS A COMMUNITY TREASURE FOR GENERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Brickhouse Board Chair | OfficerTrustee | $0 | |
Van Bunch Director | Trustee | $0 | |
Emmanuel Eschobar Director | Trustee | $0 | |
Henry Lodge Director | Trustee | $0 | |
Vivian Lozano Vice Chair | OfficerTrustee | $0 | |
Matt Sears Treasurer | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $51,053 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,348,923 |
| Noncash contributions included in lines 1a–1f | $2,865,751 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,399,976 |
| Total Program Service Revenue | $318,445 |
| Investment income | $245,973 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $383,036 |
| Net Income from Fundraising Events | $27,875 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,522,077 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $124,777 |
| Compensation of current officers, directors, key employees. | $27,451 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $253,079 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,739 |
| Payroll taxes | $27,568 |
| Fees for services: Management | $58,666 |
| Fees for services: Legal | $100,553 |
| Fees for services: Accounting | $14,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,737 |
| Advertising and promotion | $28,113 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,257 |
| Travel | $11,494 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,925 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,089 |
| Insurance | $43,285 |
| All other expenses | $33,432 |
| Total functional expenses | $1,193,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,225 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $82,000 |
| Accounts receivable, net | $221,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,835,306 |
| Prepaid expenses and deferred charges | $2,666 |
| Net Land, buildings, and equipment | $13,895,456 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,446 |
| Total assets | $21,175,474 |
| Accounts payable and accrued expenses | $135,529 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $501,147 |
| Total liabilities | $636,676 |
| Net assets without donor restrictions | $20,277,216 |
| Net assets with donor restrictions | $261,582 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,175,474 |